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<ol><li><strong>Unearned Rent Revenue. The Krug Company collected $13,200 rent in advance on

November 1, debiting Cash and crediting Unearned Rent Revenue. The tenant was paying 12 months' rent in advance and occupancy began November 1.</strong></li><li><strong>Unearned Services Revenue. The company charges $135 per insect treatment. A customer paid $540 on October 1 in advance for four treatments, which was recorded with a debit to Cash and a credit to Unearned Services Revenue. At year-end, the company has applied three treatments for the customer.</strong></li><li><strong>Unearned Rent Revenue. On September 1, a client paid the company $38,400 cash for six months of rent in advance (the client leased a building and took occupancy immediately). The company recorded the cash as Unearned Rent Revenue.</strong></li></ol>

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Adjusting Entries:
Entry 1.
Date
Account Tiltles
Ref. No. Debit
Credit
31-Dec Unearned Rent Revenue
$2,200
Rent Revenue
$2,200
(being recognize the portion of rent revenue earned for Nov and Dec)...

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